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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
13 School St Freeport, ME 04032-1336
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US42-0148055
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1880
Construction
FRAME
Total area
1,887 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CM03
APN
FPRT M:13 B:22 L:A U:1
UPID
US42-0148055
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ground Floor, Freeport Hotel & Motel Resort
-
TNO Now Operations LLC Theater & Performing Art Venue Music Venue
-
Salon Freeport & Day spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Diatomic Properties LLC · 9 yrs held
Diatomic Properties LLC
since 2017
6 recorded transactions
Zoning & alternative use
CM03 · Freeport, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,542
Tax year 2023
Assessed value
$330,300
Assessed 2023
Previous assessed
$330,300
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$221,400
Assessed improvement
$108,900
Applied tax rate
26,525.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Bathrooms
99
Total area
1,887 SF
Lot
0.13 ac (5,663 SF)
Zoning code
CM03
APN
FPRT M:13 B:22 L:A U:1
UPID
US42-0148055
Jurisdiction
FREEPORT
Zoning & alternative use
CM03 · Freeport, ME
Zoning CM03 · permitted uses
CM03 · Freeport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1880
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
99
Lot
0.13 ac
Current owner
From public records · entity-resolved
Diatomic Properties LLC
Entity
Mailing address
13 SCHOOL ST, FREEPORT, ME 04032-1336
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2025
—
Diatomic Properties LLC
—
Deed
related
$240,000 · Evan Mclellan
Jul 5, 2017
—
Diatomic Properties LLC
Monicas Scandinavian Imports
Quit Claim Deed
$230,095 · Katahdin Tr Co
Apr 11, 2014
—
Jacklyn P Nadeau
Salon Freeport LLC
Quit Claim Deed
related
—
Sep 20, 2007
—
Salom Freeport LLC
—
Deed Of Trust
related
$38,809 · Camden National Bank
Mar 30, 2006
—
Salon Freeport LLC
—
Deed Of Trust
related
$352,000 · Camden National Bank
Jun 28, 2005
—
Salon Freeport LLC
Spugnardi,dino A
Warranty Deed
related
$260,000 · Riverside Asscociates LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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